SolarEdge Technologies Inc (SEDG)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 80,749 | 177,155 | 187,224 | 163,666 | 180,195 |
| Revenue | US$ in thousands | 2,976,530 | 3,110,280 | 1,963,860 | 1,459,270 | 1,425,660 |
| Pretax margin | 2.71% | 5.70% | 9.53% | 11.22% | 12.64% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $80,749K ÷ $2,976,530K
= 2.71%
Solaredge Technologies Inc's pretax margin has exhibited a declining trend over the past five years, as evidenced by the figures of 12.53% in 2019, 11.22% in 2020, 9.53% in 2021, 5.70% in 2022, and 2.71% in 2023. This indicates a decrease in the company's ability to generate profits before accounting for taxes and other expenses relative to its total revenue. The declining pretax margin may suggest various factors at play, such as increasing costs, pricing pressures, or changes in the company's revenue mix. This trend warrants further investigation and strategic management attention to reverse the declining profitability trajectory.
Peer comparison
Dec 31, 2023